More Consumers Choosing Electric Vehicles, as a Wider Array of Models Enter the Market
EXPERIAN PLC S/ADR (EXPGY)
NASDAQ:AMEX Investor Relations:
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Source: Business Wire
Experian’s new report shows electric vehicles made up more than 8% of new vehicle retail transactions in Q4 2023 SCHAUMBURG, Ill.--(BUSINESS WIRE)--With a wider range of models being introduced year after year, electric vehicles (EVs) have gained more traction from consumers in the market for a new vehicle. According to Experian’s State of the Automotive Finance Market Report: Q4 2023, EVs comprised 8.6% of total new retail transactions, up from 7.1% in Q4 2022. Digging a bit deeper, data shows 44.8% of new EV retail transactions were loans, while 30.7% were leases.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240229010115/en/Experian’s State of the Automotive Finance Market Report: Q4 2023. (Graphic: Business Wire)“While EV prices are still relatively high, new incentive and rebate programs, combined with more affordable options hitting the market, have resulted in a broader range of consumers choosing EVs,” said Melin
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